All Forum Posts by: Virginia Houston

Having a very negative experience with Suncoast at the moment. Did anyone here switch to another PM in Jacksonville that they are happy with? If you did - can you please share? Thanks!

Hi Maria,

I just checked through our database and my email and I don't see your name as one of our current or prospective investors. As the Investor Relations Manager, I would be happy to talk with you about any issues you're having if you'd like to reach out.

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Originally posted by @Alex Sefer:

I am with a group of investors through an LLC that is registered with your company. My partners have had many issues and many discussions with your company and its management. They are the majority owners of the business and will be taking next steps as to what we will be doing with our portfolio.

Thank you

Great, thank you for that information. I'd like to speak with your partners to resolve their issue as it seems it has not yet been resolved. Please have them call or email me at their earliest convenience.

0 Votes

Originally posted by @Alex Sefer:

I am a partner in an investment group that has been through the sales process for one of their companies SiHomes which a part of the Suncoast Property Management company. They build very inferior properties, their proforma in completely inaccurate and very misleading. Tenants have contacted our group directly with complaints that the new build property they live in was not ready, had many construction related issues that after 10 months still had not been fixed or repaired. Have had two turn overs on my properties to find out that the proforma costs for turn over were way under estimated and cost nearly $2500 for a property that wasn't even two years old yet. The fees they charge are unbelievable, they charge these ridiculous charges just to go out to your property on top of all the fees that you pay as part of the management fees. A brand new property that was supposed to be a good investment has turned into a money pit. The only hope is to get back to even or make a little money on the back end when I sell this property after the two year mandatory management contract is up. I do not recommend this company to anyone. Especially if you are like me an on the west coast and do not have the ability to see your properties. My group will be pulling or selling our portfolio of properties as soon as the contract is up.

Hi Alex,

This is interesting to hear. I don't see you as an investor in the Suncoast system, on any of the documents that I have, nor have I communicated with you. As the Investor Relations Manager, I communicate with anyone in the company who is having a negative experience and your name isn't ringing a bell. Perhaps you'd like to schedule a call with me to discuss your portfolio. Looking forward to speaking with you.

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Originally posted by @Julie Sisnroy:

I, too would like to revive this post. Thoughts and updates on Southern Impression Homes and SunCoast. Can you use SI without SunCoast PM? Thanks!

Hi Julie!

I am the Investor Relations Manager for Southern Impression Homes. Once your investment is finalized, you are required to use SunCoast PM. We initially allowed investors to manage these properties themselves and ran into a lot of issues that affected the integrity of the neighborhood which then affected the other investors and their assets.

1 Vote

To piggy back off what everyone else is saying, be wary should you decide to invest in Springfield. Most of that area is a historical district and history has shown us that historical preservation societies are quick to mess up your CapX budget. Seems as though if you're not willing to renovate to their standards then they would prefer to let the property sit and rot.

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Jacksonville, Florida

I agree, Jaron.

I am terribly sorry to hear your circumstances and I wish you and your wife a speedy recovery but, it does not sound like RE investing is in the cards. If you would like to find a way to become more involved in the industry without having to work full-time, I would research local RE investing businesses that are looking for acquisition reps. It's basically dialing for dollars and convincing owners to sell you their distressed property. I've seen some do very well in this field. Just a thought.

Originally posted by @Jaron Walling:

@Randall E Collins It's one thing to have passion and another to actually do.

I don't want to be negative but given your current situation maybe real estate investing isn't in the cards. That could change in the future! You need stable income, more knowledge, time, and a DEAL. Without any of those it's tough to get started. I'd sit down with the wife talk about sacrifices. Most good things in life require them. What are you willing to give up to get started? Answer that question, change the mindset, and find a better path to achieve your goals.

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Hi Chris,

Congratulations on your purchase!

We have a vacation rental division; I am sure our Director of Operations would have some information she can pass on to you. Would you like her email?

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Jacksonville, Florida

Springfield has been in the process for quite some time, as has downtown closer to the river and nearer the stadium. You can find those 40k and under in the urban core and predominately 32206,32208,32209,32254. On the same token though, as much as these areas are cheaper, I don’t see them gentrifying. Not anytime soon at all at least. I think Murray Hill will be next on the heels of Springfield. Then I could see Arlington happening eventually.

1 Vote

Hi @David Armas, I’d be happy to talk with you about the best sub markets in Florida! PM me if you’re interested.

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All Forum Posts by: Virginia Houston

Virginia Houston has started 1 posts and replied 31 times.

Post: Suncoast Property Management Co. in Jacksonville

Post: Do not use Suncoast Property Management in Jacksonville

Post: Suncoast Property Management Co. in Jacksonville

Post: Suncoast Property Management Co. in Jacksonville

Post: Southern Impression Homes

Post: Jacksonville Market BRRRR

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Post: Gentrification Jacksonville, FL

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